Girish Mahajan (Editor)

Ministry of Corporate Affairs

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Website
  
www.mca.gov.in

Cabinet minister
  
Arun Jaitley

Jurisdiction
  
India

Minister of state
  
Arjun Ram Meghwal

Ministry of Corporate Affairs examyoucomassetsuploadsexamboardsministrycor

Agency executive
  
Arun Jaitley, Minister of Corporate Affairs

Child agencies
  
Registrar of Companies Serious Fraud Investigation Office (SFIO) Indian Institute of Corporate Affairs (IICA) Competition Commission of India National Company Law Tribunal (NCLT) National Company Law Appelate Tribunal (NCLAT)

Headquarters
  
A Wing, Shastri Bhawan, Rajendra Prasad Road, New Delhi - 110 001

The Ministry of Corporate Affairs (MCA) is an Indian government ministry.The Ministry is primarily concerned with administration of the Companies Act 2013, the Companies Act 1956, the Limited Liability Partnership Act, 2008 & other allied Acts and rules & regulations framed there-under mainly for regulating the functioning of the corporate sector in accordance with law. It is responsible mainly for regulation of Indian enterprises in Industrial and Services sector. The current minister of corporate affairs is Arun Jaitley.

Contents

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Administration

The ministry administers the following acts:

  • The Companies Act, 2013
  • The Companies Act, 1956
  • The Competition Act, 2002
  • The Monopolies and Restrictive Trade Practices Act 1969
  • The Chartered Accountants Act, 1949 [As amended by the Chartered Accountants (Amendment) Act, 2006]
  • The Company Secretaries Act, 1980 [As amended by The Company Secretaries (Amendment) Act, 2006]
  • Cost and Works Accountants Act 1959 [As Amended By The Cost And Works Accountants (Amendment) Act, 2006]
  • Companies (Donation to National) Fund Act 1951
  • The Indian Partnership Act, 1932
  • Societies Registration Act 1860
  • The Companies Amendment Act, 2006
  • The Limited liability Partnership Act, 2008

    • In August 2013 The Companies Act, 2013 passed. It will regulate fraud by corporations and is intended to avoid the accounting scandals such as the Satyam scandal which have plagued India. It replaces The Companies Act, 1956 which has proven outmoded in terms of handling 21st century problems.

    The Ministry has constituted a Committee for framing of National Competition Policy (India) and related matters (formulate amendments in the Act) under the Chairmanship of Dhanendra Kumar, former Chairman of Competition Commission of India.

    References

    Ministry of Corporate Affairs Wikipedia
    (Text) CC BY-SA